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Multi-Tenant Property 5661 Transit Rd

5,168 SF Retail Building East Amherst, NY 14051 $1,063,102 CAD ($206 CAD/SF) 5.68% Cap Rate

Investment Highlights

  • Multi-Tenant Property
  • 100' Transit Road Frontage
  • 20 Parking Spaces
  • Separate Building Ideal for Owner-User
  • Paved .80 AC Lot with Drainage

Executive Summary

Multi-Tenant Property. Separate Building Ideal for Owner-User. 100' Transit Road Frontage. Paved .80 AC Lot with Drainage.
Strong Traffic Count.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $104,949 $20.31
Other Income - -
Vacancy Loss - -
Effective Gross Income $104,949 $20.31
Taxes $32,297 $6.25
Operating Expenses $7,867 $1.52
Total Expenses $40,164 $7.77
Net Operating Income $64,785 $12.54

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $104,949
Annual Per SF $20.31
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $104,949
Annual Per SF $20.31
Taxes (CAD)
Annual $32,297
Annual Per SF $6.25
Operating Expenses (CAD)
Annual $7,867
Annual Per SF $1.52
Total Expenses (CAD)
Annual $40,164
Annual Per SF $7.77
Net Operating Income (CAD)
Annual $64,785
Annual Per SF $12.54

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,168 SF
Building Class
C
Year Built/Renovated
1967/1995
Price
$1,063,102 CAD
Price Per SF
$206 CAD
Cap Rate
5.68%
NOI
$60,365 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Lot Size
0.80 AC
Zoning
483 - Commercial C Zoning
Parking
20 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
100 ft on Transit Rd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Storage Space
  • Air Conditioning

Nearby Major Retailers

KeyBank
9round Fitness
Summit Federal Credit Union
Lake Shore Savings Bank
Feel Rite Fresh Markets
Orangetheory Fitness
Five Guys
Wegmans
Starbucks
Hsbc Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
143200-057-090-0006-004-000
Land Assessment
$315,641 CAD
Improvements Assessment
$512,040 CAD
Total Assessment
$827,682 CAD
Annual Taxes
$32,297 CAD ($6.25 CAD/SF)
Tax Year
2023
  • Listing ID: 32556230

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 5661 Transit Rd, East Amherst, NY 14051

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